Schooner Investment Group. Lowers stake in AT&T (T)

AT&T (T) : Schooner Investment Group. reduced its stake in AT&T by 14.29% during the most recent quarter end. The investment management company now holds a total of 15,000 shares of AT&T which is valued at $650,850 after selling 2,500 shares in AT&T , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.AT&T makes up approximately 1.54% of Schooner Investment Group.’s portfolio.

Other Hedge Funds, Including , Columbia Asset Management boosted its stake in T in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 77,919 shares of AT&T which is valued at $3,380,905. AT&T makes up approx 1.16% of Columbia Asset Management’s portfolio.Adell Harriman Carpenter Inc boosted its stake in T in the latest quarter, The investment management firm added 3,602 additional shares and now holds a total of 138,281 shares of AT&T which is valued at $5,968,208. AT&T makes up approx 1.50% of Adell Harriman Carpenter Inc’s portfolio.Ballentine Partners boosted its stake in T in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 28,507 shares of AT&T which is valued at $1,229,792. AT&T makes up approx 0.10% of Ballentine Partners’s portfolio.Highstreet Asset Management boosted its stake in T in the latest quarter, The investment management firm added 35,817 additional shares and now holds a total of 46,759 shares of AT&T which is valued at $2,015,780. AT&T makes up approx 0.69% of Highstreet Asset Management’s portfolio.Biondo Investment Advisors boosted its stake in T in the latest quarter, The investment management firm added 4,495 additional shares and now holds a total of 80,941 shares of AT&T which is valued at $3,489,367. AT&T makes up approx 1.20% of Biondo Investment Advisors’s portfolio.

AT&T closed down -0.26 points or -0.60% at $43.02 with 1,62,48,020 shares getting traded on Monday. Post opening the session at $43.21, the shares hit an intraday low of $43.02 and an intraday high of $43.315 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, AT&T reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $40535.00 million for the quarter, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on AT&T. Company shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Company shares were Downgraded by Citigroup on Jul 7, 2016 to ” Neutral”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications data/broadband and Internet services video services local exchange services long-distance services telecommunications equipment managed networking and wholesale services. Its segments include Wireless Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services AT&T U-verse broadband video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary DIRECTV Group Holdings LLC it provides pay television in the United States and across the world.

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